Key Highlights
- The Leios proposal passed with about 84% DRep approval, unlocking 27.7 million ADA for development.
- The upgrade aims to scale Cardano from about 800,000 to over 27 million monthly transactions as part of the 2030 vision.
- ADA saw a small short-term price increase (~1.32%), but overall remains weak year-to-date despite the news.
On Sunday, the Cardano community treasury approved the Leios proposal, a significant funding request from Input Output Global, thanks to strong backing from its delegated representatives (DReps).
Data from Cexplorer shows the Consensus Initiative (Leios) was approved by roughly 84% of DReps. This allows the project to receive 27.7 million ADA in funding from the treasury and proceed with development.
Treasury approval and funding unlock
This approval is particularly helpful for the project’s progress. The team at Input Output, who created the proposal, explained that Leios is designed to expand the network’s capabilities and ensure it can grow sustainably. The proposal was one of several submitted in April, all aimed at improving Cardano’s blockchain efficiency and overall capacity.
The Leios testnet is planned to go live on June 23, 2026. Before that, developers have already tested a fully functional early version of the system on a public test environment, showing promising initial results.
The recent funding will allow development to continue beyond the current budget. Work will extend into the 2026-2027 period, with the goal of transforming Leios from its initial stages into a fully functional product ready for public use. Over the next few years, the project will progress through key development phases, specifically Software Readiness Levels 5 through 8.
Leios is a key part of Cardano’s vision for the future, specifically its plans through 2030. Input Output has stated they aim to dramatically increase network usage, from around 800,000 transactions each month to over 27 million.
The network aims to significantly increase its capacity without increasing costs or reducing speed. Input Output highlighted Leios as a key solution for achieving this goal, emphasizing its purpose-built design for improved performance and scalability.
Other proposals approved while some were rejected
In addition to the Leios proposal, Input Output received approval for five other projects. These were the Cardano Maintenance Initiative, Cardano Upgrades, a collaboration focused on higher assurance technology, an initiative to improve the developer experience, and enhancements to Plutus, the platform for building smart contracts.
The Plutus project has requested 11.8 million ADA from the treasury to improve smart contract performance, reduce costs, and simplify verification.
Despite some proposals being accepted, not everything went through. For example, the Pogun proposal—which planned to create a complete Bitcoin DeFi system—didn’t receive enough votes, earning only 32.4% approval from DReps.
ADA shows mild market reaction
Cardano’s ADA token isn’t showing a strong response to the recent governance results.
Right now, the token is priced at $0.24. I’ve seen a slight bump in the last day, around 1.32% – not huge, but it’s a positive sign.
Looking at ADA as a long-term investor, it’s currently in a consolidation phase. It’s only down about 2% over the last month, but it’s still down around 66% for the year so far.
Read More
- USD TRY PREDICTION
- CNY JPY PREDICTION
- USD JPY PREDICTION
- USD HKD PREDICTION
- USD CNY PREDICTION
- NEAR PREDICTION. NEAR cryptocurrency
- BCH PREDICTION. BCH cryptocurrency
- Ethereum to $24K? Jolly Good Show, What?
- Hong Kong’s Strict Stablecoin Rules: Only 2 Licenses Out of 36 Applications Approved!
- USD RUB PREDICTION
2026-05-25 20:39